US Xpress Enterprises Inc (NYSE:USX) Expected to Announce Quarterly Sales of $440.13 Million

Analysts expect that US Xpress Enterprises Inc (NYSE:USX) will announce sales of $440.13 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for US Xpress Enterprises’ earnings. The lowest sales estimate is $412.60 million and the highest is $467.65 million. US Xpress Enterprises reported sales of $460.23 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.4%. The firm is expected to report its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that US Xpress Enterprises will report full year sales of $1.73 billion for the current year, with estimates ranging from $1.68 billion to $1.77 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.77 billion, with estimates ranging from $1.72 billion to $1.82 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow US Xpress Enterprises.

US Xpress Enterprises (NYSE:USX) last issued its earnings results on Thursday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.09). The business had revenue of $413.86 million for the quarter, compared to the consensus estimate of $426.58 million. US Xpress Enterprises had a net margin of 1.74% and a return on equity of 19.96%. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS.

USX has been the topic of several recent analyst reports. Bank of America downgraded US Xpress Enterprises from a “buy” rating to a “neutral” rating in a research note on Friday, July 12th. Stephens downgraded US Xpress Enterprises from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 1st. Finally, Morgan Stanley restated an “overweight” rating and set a $20.00 price target on shares of US Xpress Enterprises in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $15.75.

In related news, insider Max L. Fuller bought 71,915 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was purchased at an average price of $4.30 per share, for a total transaction of $309,234.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Jason Grear bought 7,262 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was bought at an average price of $4.12 per share, with a total value of $29,919.44. Following the acquisition, the chief accounting officer now owns 9,370 shares in the company, valued at approximately $38,604.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 124,177 shares of company stock valued at $513,904 in the last 90 days. 34.85% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its stake in shares of US Xpress Enterprises by 1,533.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,769 shares of the company’s stock worth $32,000 after acquiring an additional 4,477 shares during the last quarter. Strs Ohio lifted its stake in shares of US Xpress Enterprises by 7.5% during the 2nd quarter. Strs Ohio now owns 67,300 shares of the company’s stock worth $345,000 after acquiring an additional 4,700 shares during the last quarter. Cito Capital Group LLC lifted its stake in shares of US Xpress Enterprises by 37.5% during the 2nd quarter. Cito Capital Group LLC now owns 22,000 shares of the company’s stock worth $113,000 after acquiring an additional 6,000 shares during the last quarter. Northern Trust Corp lifted its stake in shares of US Xpress Enterprises by 3.3% during the 2nd quarter. Northern Trust Corp now owns 240,190 shares of the company’s stock worth $1,234,000 after acquiring an additional 7,665 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of US Xpress Enterprises during the 4th quarter worth approximately $83,000. Hedge funds and other institutional investors own 36.22% of the company’s stock.

USX traded down $0.06 on Tuesday, hitting $5.09. 8,659 shares of the company’s stock traded hands, compared to its average volume of 324,985. The company’s 50 day simple moving average is $4.27 and its 200-day simple moving average is $5.83. The firm has a market cap of $253.58 million and a price-to-earnings ratio of 3.20. US Xpress Enterprises has a one year low of $3.37 and a one year high of $15.62. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.06.

US Xpress Enterprises Company Profile

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates through two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

Further Reading: Short Selling Stocks, A Beginner’s Guide

Get a free copy of the Zacks research report on US Xpress Enterprises (USX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for US Xpress Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Xpress Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.